Mr. Jeffrey Reeder reports

DURAN VENTURES REPORTS LATEST POSITIVE RESULTS FROM 2011 AGUILA DRILL PROGRAM

Duran Ventures Inc. is providing results from seven additional drill holes from the continuing resource drilling program at the company's 100-per-cent-owned Aguila porphyry copper project in Peru. All drill holes are located on the Aguila project, which is located in the department of Ancash in north-central Peru, about 400 kilometres northwest of Lima.

A 15,000-metre diamond drilling program commenced on April 19. SRK Consulting has been retained to prepare a preliminary NI 43-101-compliant resource estimate. Over 13,000 metres have been drilled to date (20 holes completed and three currently drilling). The 15,000-metre program is expected to be completed by early October. The table provides a summary of significant copper and molybdenum drill intercepts from the current drill program.

Diamond drill hole 11AGD029 was drilled from a site approximately 200 metres to the north of the main Aguila intrusive. The hole was drilled at an azimuth of 175 degrees and inclination of minus-65 degrees to a final depth of 1,001.1 metres. Hole 11AGD029 was designed to fill in possible mineralized gaps existing on several of the east-west-oriented sections in the main Aguila porphyry system. The initial 499.4 metres from surface cut mostly mineralized sedimentary host rock, while the final 501.7 metres cut diorite porphyry intrusive rock. The entire drill hole returned an average of 0.33 per cent copper and 0.029 per cent molybdenum (copper-equivalent value of 0.53 per cent) over 999.1 metres. The initial 499.4-metre interval from surface averaged 0.24 per cent Cu and 0.025 per cent Mo (Cu equivalent value of 0.41 per cent). The final 501.7 metres from 499.4 metres to 1,001.1 metres returned an average of 0.42 per cent Cu and 0.033 Mo (Cu equivalent value of 0.64 per cent), with a higher-grade section from 499.4 to 806.0 metres returning 306.6 metres of 0.55 per cent Cu and 0.047 Mo (Cu equivalent value of 0.87 per cent). The hole was stopped due to depth limitations of the drilling equipment and ended in mineralized diorite intrusive rock at approximately 900 m vertical depth from surface. Mineralization in hole 11AGD029 shows a horizontal north-south projection of over 450 m.

Initial drill testing on the Aguila East area shows that copper mineralization extends over 500 metres to the east of the central core zone of the main Aguila porphyry. Hole 11AGD033 was drilled on an azimuth of 30 degrees and inclination of minus-50 degrees to a final depth of 426.8 metres and intersected 251.7 metres of 0.33 per cent Cu (Cu equivalent value of 0.36 per cent) from surface. The Cu mineralization extends over 190 metres higher in elevation than the holes drilled in the central Aguila pit area.

Diamond drill holes 11AGD027 and 11AGD030 were also drilled in the Aguila East area and intersected both mineralized diorite and sedimentary wall rock. Hole 11AGD027 was drilled directly north at an inclination of minus-60 degrees to a final depth of 546 metres. The 118.8-metre intersection from 3.2 metres to 122.0 metres returned 0.20 per cent Cu (Cu equivalent value of 0.23 per cent). Hole 11AGD027 was collared approximately 70 metres lower in elevation than hole 11AGD033.

Hole 11AGD030 was collared on the same drill pad as 11AGD033 and drilled at an azimuth of 70 degrees and an inclination of minus-50 degrees to a final depth of 406 metres. There were two significant copper intersections within the initial 186 metres, including one intersection from surface to 92.5 metres averaging 0.19 per cent Cu (Cu equivalent value of 0.24 per cent) and a second of 46.2 metres of 0.23 per cent Cu (Cu equivalent value of 0.26 per cent) from 140.0 metres to 186.6 metres.

Diamond drill hole 11AGD032 was collared in the eastern edge of the central Aguila area and drilled at an azimuth of 70 degrees and an inclination of minus-50 degrees to a final depth of 656 metres. The hole intersected mainly mineralized wall rock from surface to 397.9 metres and returned 0.20 per cent Cu and 0.023 per cent Mo (Cu equivalent value of 0.36 per cent). The Aguila East porphyry was intersected from 398.5 metres to 515 metres and averaged 0.34 per cent Cu (Cu equivalent of 0.41 per cent) over 116.5 metres. The elevation difference between mineralized zones in holes 11AGD032 and 11AGD033 extends over 600 metres vertically.

Drill holes 11AGD028 and 11AGD031 were designed as step-out holes to expand zones of known mineralization or to improve data coverage on established drill sections. Diamond drill hole 11AGD028 was drilled on Section 9900 north as an extension hole to the west. It was drilled at an azimuth of 250 degrees and inclination of minus-60 degrees to a final depth of 429.6 metres. The hole cut weakly mineralized sedimentary host rock, with an intersection of 127 metres from surface averaging 0.20 per cent Cu (Cu equivalent value of 0.23 per cent).

Diamond drill hole 11AGD031 was drilled on Section 10200 north at an azimuth of 70 degrees and inclination of minus-70 degrees to a final depth of 592.4 metres. The hole intersected 301.35 metres of 0.26 per cent Cu and 0.011 per cent Mo (Cu equivalent value of 0.33 per cent) from surface in mineralized sedimentary wall rock and minor diorite porphyry intrusive rock.

The company is very pleased with the progress and results from the drill program to date, which is focused on defining the size and tenor of the mineralized system in the main Aguila intrusive body and the associated mineralized halo in the host sedimentary rock. The recent drilling in the Aguila East area shows that the Cu mineralization extends horizontally over 800 metres along an approximately east-west trend. The significant mineralized porphyry intercept in hole 29 and the mineralized intercepts in Aguila East show a vertical extent of the mineralization of over 1,000 metres. The system has been drill tested over 400 metres in a north-south direction and remains open both to the north and to the south. Further drilling is required to define the ultimate shape, size and orientation of the Aguila East porphyry. Numerous geological, geochemical, infill and geophysical targets remain to be drill tested after the conclusion of the present drill program.

Company geologists believe that the Aguila project is comparable in style of mineralization and geological setting with the nearby Magistral deposit, which is a copper-molybdenum porphyry and skarn deposit located about 40 kilometres to the north of Aguila. A feasibility study was carried out by MTB Project Management Professionals in December of 2007. Compania Minera Milpo SAA obtained the Magistral project in a Peruvian government auction in April of 2011 in return for the obligation to invest $400-million during a 48-month period and to make a final $8.02-million option payment in order to complete the transfer of title to Milpo. Milpo recently tendered an offer to acquire all shares of Inca Pacific Resources in order to acquire the area surrounding the main Magistral deposit and simplify the project's development.

Assay information

Diamond drill core is photographed and then cut in half with a diamond saw, with one-half of the core delivered directly to the analytical laboratory and the other half stored on site for future reference and assay verification. Assaying is carried out by ALS Chemex, a laboratory which has a quality control system complying with ISO 9001:2000 and ISO 17025:2005. Samples are prepared using a four-acid digestion and atomic absorption method for copper and molybdenum, as well as a multielement ICP analysis. Analysis for gold is done by fire assay with an atomic absorption finish on 10 per cent of drill core samples. The company has a quality assurance/quality control protocol in place which includes the use of certified standards, blanks, duplicate samples, check assays carried out at a second laboratory, as well as secure care and custody of samples.

Total Cu equivalent is the sum of the Cu per cent plus 6.756 times the Mo per cent based on an assumed 6.756:1 economic ratio of Mo to Cu selling prices (that is, $1.85 (U.S.) Cu to $12.50 (U.S.) Mo). Metallurgical recoveries and net smelter returns are assumed to be 100 per cent. These equivalence grades should not be interpreted as actual grades since the conversion ratio varies with the volatile prices of copper and molybdenum and the economic recovery of copper and molybdenum can vary significantly in actual extraction and processing. The company feels this is a reasonable long-term ratio to use for this purpose.

          HIGHLIGHT TABLE OF 2011 AGUILA DIAMOND DRILL HOLE RESULTS

                          From       To Interval       Cu       Mo     CuEq
Hole ID                    (m)      (m)      (m)      (%)      (%)      (%)

11AGD018(i)                0.0    564.5    564.5     0.61    0.029     0.81
including                  0.0    480.8    480.8     0.69    0.031     0.93
and                      480.8    564.5     83.7     0.20    0.023     0.36
11AGD019(i)                0.4    496.0    495.6     0.31    0.027     0.50
including                  0.4    284.0    283.6     0.22    0.031     0.43
and                      284.0    496.0    212.0     0.44    0.022     0.59
11AGD020(i)                0.0    640.0    640.0     0.41    0.033     0.64
including                  0.0    333.9    333.9     0.60    0.035     0.85
and                      333.9   640.00    306.1     0.19    0.031     0.41
including                421.6   459.50     38.0     0.48    0.025     0.64
11AGD021(i)                0.0    525.0    525.0     0.37    0.030     0.57
including                  0.0    335.0    335.0     0.48    0.036     0.72
including                 80.8    278.0    197.2     0.64    0.030     0.92
                         335.0    525.0    190.0     0.17    0.020     0.31
11AGD022(i)               0.15    320.5   320.35     0.48    0.021     0.62
including                 0.15    117.5   117.35     0.87    0.029     1.06
and                      117.5    216.3     98.8     0.29    0.020     0.43
and                      216.3    320.5    104.2     0.23    0.012     0.31
11AGD023(i)               11.8    699.0    687.2     0.20    0.031     0.41
including                 11.8    487.0    475.2     0.23    0.039     0.49
including                 11.8    356.5    344.7     0.20    0.043     0.50
and                      243.0    487.0    244.0     0.32    0.040     0.59
11AGD024(i)                0.0    590.0    590.0     0.21    0.019     0.34
including                  0.0    189.0    189.0     0.30    0.022     0.46
and                      314.5    392.6     78.1     0.34    0.007     0.39
11AGD025(i)                4.5    662.6    658.1     0.17    0.029     0.37
including                 21.0    342.5    321.5     0.22    0.047     0.54
including                 21.0    263.0    242.0     0.23    0.053     0.58
11AGD026(i)                0.4    665.8    665.4     0.22    0.008     0.28
including                  0.4    562.5    562.1     0.25    0.010     0.32
including                  0.4    302.5    302.1     0.33    0.016     0.44
11AGD027(ii)               3.2    122.0    118.8     0.20    0.004     0.23
                         296.5    333.5     37.0     0.19    0.003     0.21
                         383.5    407.3     23.8     0.27    0.002     0.29
                         440.5    463.0     22.5     0.30    0.001     0.30
11AGD028                   0.5    127.5    127.0     0.20    0.004     0.23
11AGD029(ii)               2.0   1001.1   999.10     0.33    0.029     0.53
                           2.0    395.5   393.50     0.24    0.020     0.37
                         395.5    499.4   103.90     0.25    0.044     0.56
                         499.4    806.0   306.60     0.55    0.047     0.87
                         806.0   1001.1   195.10     0.21    0.012     0.29
11AGD030(ii)              0.15     92.5    92.35     0.19    0.007     0.24
                        140.00    186.2    46.20     0.23    0.004     0.26
                        301.00    320.5    19.50     0.34        -     0.34
11AGD031                  0.15    301.5   301.35     0.26    0.011     0.33
                        354.00    378.5    24.50     0.23    0.002     0.24
11AGD032                  0.60   398.50   397.90     0.20    0.023     0.36
including                 0.60   236.50   235.90     0.20    0.029     0.40
and                     298.73   342.90    44.17     0.35    0.025     0.52
and                     342.90   398.50    55.60     0.20    0.012     0.28
                        398.50   515.00   116.50     0.34    0.010     0.41
11AGD033(ii)              0.30   252.00   251.70     0.33    0.004     0.36

(i) Indicates previously released partial or full assay results.
(ii) Indicates hole drilled off section or with different azimuth.

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